BlueLinx Holdings Inc. $BXC Shares Acquired by Voss Capital LP

Voss Capital LP increased its holdings in BlueLinx Holdings Inc. (NYSE:BXC) by 24.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,000 shares of the construction company’s stock after buying an additional 11,790 shares during the quarter. Voss Capital LP owned about 0.76% of BlueLinx worth $4,385,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BXC. Gendell Jeffrey L raised its stake in BlueLinx by 16.8% during the 2nd quarter. Gendell Jeffrey L now owns 563,730 shares of the construction company’s stock valued at $41,930,000 after acquiring an additional 80,903 shares in the last quarter. Medina Value Partners LLC bought a new position in shares of BlueLinx in the third quarter worth $21,069,000. River Road Asset Management LLC increased its holdings in shares of BlueLinx by 4.3% during the second quarter. River Road Asset Management LLC now owns 217,130 shares of the construction company’s stock valued at $15,909,000 after purchasing an additional 8,967 shares during the period. Victory Capital Management Inc. increased its holdings in shares of BlueLinx by 4.0% during the third quarter. Victory Capital Management Inc. now owns 204,635 shares of the construction company’s stock valued at $14,955,000 after purchasing an additional 7,871 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of BlueLinx by 1.1% during the second quarter. Ameriprise Financial Inc. now owns 123,391 shares of the construction company’s stock valued at $9,178,000 after purchasing an additional 1,366 shares in the last quarter. 90.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BXC. Benchmark decreased their target price on shares of BlueLinx from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of BlueLinx in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BlueLinx presently has a consensus rating of “Hold” and a consensus target price of $86.00.

BlueLinx Stock Down 1.1%

BXC opened at $50.14 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 3.12 and a current ratio of 4.66. The company has a market capitalization of $394.44 million, a PE ratio of -5,013,900.00 and a beta of 1.62. The stock’s fifty day moving average is $69.16 and its 200-day moving average is $68.28. BlueLinx Holdings Inc. has a one year low of $48.72 and a one year high of $88.30.

BlueLinx (NYSE:BXC) last announced its earnings results on Tuesday, February 24th. The construction company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.05). The firm had revenue of $715.80 million for the quarter, compared to the consensus estimate of $703.84 million. BlueLinx had a net margin of 0.01% and a negative return on equity of 0.23%.

BlueLinx Company Profile

BlueLinx Corporation is a leading distributor of building products in the United States, serving professional builders, contractors and industrial customers. The company offers a comprehensive portfolio that includes lumber, engineered wood products, plywood, oriented strand board, siding, railing, millwork and specialty construction materials. Through its nationwide network of distribution centers, BlueLinx provides inventory management, delivery and supply-chain solutions designed to help customers streamline operations and reduce carrying costs.

Founded in 2004 as a spin-off from Georgia-Pacific’s distribution business, BlueLinx has developed a broad product line that spans both residential and commercial construction markets.